home loans – mortgage refinance second mortage

April 10, 2010

Which offers the most advantages in obtaining new home financing, a bank like WellsFargo or a mortgage broker?

ace asked:


I need to choose the best lender for a new home purchase that will provide me the least fees while giving me the best interest rate? Mortage banks tend to offer me fewer fees, but the rate is a little higher. Also, which is most efficient in doing the loan? I am doing a VA loan.

TERRELL

December 9, 2009

Am I missing something, how are people getting home loans when?

operaphantom2003 asked:


I have been turned down for many home loans because I don’t make enough money (36,000 family income) even though the mortgage, insurance, and taxes are less than I have been paying in rent for the past 5 years. But, my neighbor (single income family with 4 kids) qualified for more of a mortage than I have been wanting and she makes less money than I do. I mean, in my city, the average family income is 31,000 and the average home price is 190,000. How are people getting home loans when apparently they don’t qualify? Am I missing something and being too honest on the applications?

TRISTAN

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